Articles > Saudi Tadawul Group Shareholders Approve Strategic Buyback Plan and Employee Stock Incentive Program
Saudi Tadawul Group Shareholders Approve Strategic Buyback Plan and Employee Stock Incentive Program
By KlickAnalytics Data Insights | July 1, 2026 03:09AM ET
- Shareholders approve strategic share buyback plan and employee stock incentive program
- Meeting held via modern technology with high shareholder participation
- Group authorized to purchase up to 1.220 million of its own ordinary shares for incentive program
In a recent Extraordinary General Assembly meeting held via modern technology, Saudi Tadawul Group Holding Company announced that its shareholders have approved a strategic share buyback plan and the establishment of a dedicated employee stock incentive program. The meeting, which took place on 30 June 2026, saw a high level of participation, with a quorum of 76.39%, indicating strong shareholder engagement in the group’s corporate governance and talent retention initiatives.
The primary outcome of the assembly was the authorization for the Group to purchase a maximum of 1.220 million of its own ordinary shares, specifically allocated for an Employee Stock Incentive Program. This move aims to align the interest of the workforce with shareholders and the group’s long-term performance. The buyback will be financed through the Group’s internal cash resources, showcasing a stable liquidity position. The Board of Directors has been granted a window of 18 months to execute the purchase process and can hold these treasury shares for up to six years, allowing for gradual vesting and allocation to eligible employees.
Additionally, shareholders formally approved the structure of the Employee Stock Incentive Program, with the Board of Directors having the authority to define specific terms and conditions. The assembly, led by Chairman Mazen bin Abdulrazzak Al Romaih, included high-ranking board members such as Vice Chairman Yazeed bin Abdulrahman Al Humied and CEO Khalid Abdullah Al Hussan. The remote session, held at the group’s headquarters in Riyadh, highlights the commitment to modern corporate practices and digital transformation goals prevalent in the Saudi financial sector.
In Q1 of 2026, the group’s net profits attributable to shareholders decreased by 53.85% to SAR 55.60 million.
- Meeting held via modern technology with high shareholder participation
- Group authorized to purchase up to 1.220 million of its own ordinary shares for incentive program
In a recent Extraordinary General Assembly meeting held via modern technology, Saudi Tadawul Group Holding Company announced that its shareholders have approved a strategic share buyback plan and the establishment of a dedicated employee stock incentive program. The meeting, which took place on 30 June 2026, saw a high level of participation, with a quorum of 76.39%, indicating strong shareholder engagement in the group’s corporate governance and talent retention initiatives.
The primary outcome of the assembly was the authorization for the Group to purchase a maximum of 1.220 million of its own ordinary shares, specifically allocated for an Employee Stock Incentive Program. This move aims to align the interest of the workforce with shareholders and the group’s long-term performance. The buyback will be financed through the Group’s internal cash resources, showcasing a stable liquidity position. The Board of Directors has been granted a window of 18 months to execute the purchase process and can hold these treasury shares for up to six years, allowing for gradual vesting and allocation to eligible employees.
Additionally, shareholders formally approved the structure of the Employee Stock Incentive Program, with the Board of Directors having the authority to define specific terms and conditions. The assembly, led by Chairman Mazen bin Abdulrazzak Al Romaih, included high-ranking board members such as Vice Chairman Yazeed bin Abdulrahman Al Humied and CEO Khalid Abdullah Al Hussan. The remote session, held at the group’s headquarters in Riyadh, highlights the commitment to modern corporate practices and digital transformation goals prevalent in the Saudi financial sector.
In Q1 of 2026, the group’s net profits attributable to shareholders decreased by 53.85% to SAR 55.60 million.
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